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Multi Donor Trust Fund (MDTF)


Nepal, World Bank Signs Agreement Totaling $15 Million to Support Public Financial Management

Aug 28, 2018 - Local News

KATHMANDU, August 24, 2018– The Government of Nepal and the World Bank today signed a financing agreement for $15 million in Kathmandu towards strengthening the country’s Public Financial Management. The Integrated Public Financial Management (PFM) Reform Project is financed through a World Bank-administered Multi-Donor Trust Fund (MDTF).


The agreements were signed by Joint Secretary of the IECCD Mr. ShreeKrishna Nepal and World Bank Country Manager for Nepal  Faris H. Hadad-Zervos in the presence of senior government officials, World Bank officials and  Development Partners of the MDTF.


During the signing ceremony, Hadad congratulated the government for its thoughtful leadership during the entire preparation period, resulting in an integrated project that views PFM in a holistic and comprehensive manner.  “We are very encouraged to witness this level of leadership by the Government. The project has a unique strategic fit that rests at three levels – policy, institutions, and processes wherein technical assistance will be provided to implement the new policy framework, build the capacity of key PFM institutions, while maintaining a strong downstream focus and strengthening essential upstream PFM processes”  


Public Financial Management
Multi-Donor Trust Fund